Objective
- Guide clients on new planning strategies for 529 plans and ABLE accounts resulting from the Tax Cuts and Jobs Act of 2017
Highlights
- Using 529 plan distributions to pay for pre-college educational expenses
- Transferring 529 balances to other family members
- What is an ABLE account and how it is like and unlike a special needs trust
- Transferring 529 plan balances to ABLE accounts
Designed For
Tax practitioners who anticipate advising clients with respect to 529 plans, pre-college and college educational expenses and ABLE accountsPrerequisite
A basic understanding of the tax rules relating to individual income taxAdvanced Preparation
None